Notice Type
Departmental
Notice of Extension of Public Ruling 1. This is a notice of extension of a public ruling made under section 91dd of the Tax Administration Act 1994. 2. Public ruling No. 96/4A entitled ``Debt forgiveness in consideration of natural love and affection'' was signed on 8 December 1996 and notice of its making appeared in the New Zealand Gazette of 12 December 1996 (Issue No. 180). A copy of the ruling appeared in Inland Revenue's Tax Information Bulletin, Vol. 8, No. 10 of December 1996. 3. Public ruling No. 96/4A originally applied to amounts of debts forgiven in the 199798 and 199899 income years, and applied to taxpayers with standard, early, or late balance dates for these years. The ruling now applies to amounts of debts forgiven from the commencement of the 199798 year to 19 May 1999 for taxpayers with standard, early, or late balance dates for this period. MARTIN SMITH, General Manager (Adjudication & Rulings).
Publication Date
30 Sep 1999

Notice Number

1999-go7102

Page Number

3296